#### By selling at Rs 92, some 2.5% Rs 100 shares and investing the proceeds in 5% Rs 100 shares at Rs 115, a person increased his annual income by Rs 90. Find:

(i) the number of shares sold.

(ii) the number of shares purchased.

(iii) the new income.

(iv) the rate percent which he earns on his investment.

**Solution:**

Rate of dividend = 2.5% and market price = Rs 92

Let number of shares purchased = x.

Selling price of x shares = 92 x

Income from investing